Examlex
What are the classifications for short-term lenders and how do they differ?
Price Discrimination
A pricing strategy where a seller charges different prices to different customers for the same product or service, based on factors other than the cost of production.
Price Searchers
Sellers who have the ability to control and set prices because their products do not have perfect substitutes.
Marginal Revenue
The additional income that a firm receives from selling one more unit of a good or service.
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